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A $21,000, 9.5% bond redeemable at par is purchased 12 years before maturity to yield 8.2% compounded semi-annually. If the bond interest is payable semi-annually,

A $21,000, 9.5% bond redeemable at par is purchased 12 years before maturity to yield 8.2% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of thebond?

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

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